Home › Calculators › Auto Loan Calculator
Free Calculator

Auto Loan Calculator

Free to use, runs entirely in your browser — no email, no signup.

Determine Total Car Cost

Use Loan Terms or Monthly Payment to Determine Total Price



Tutorial for the Car Loan Calculator.

How to Use the Calculator

You have two options.
Option 1: The blue button labeled “Total Price” is the default. Enter all your terms and the results will be shown on the right.

Option 2: The blue button labeled “Monthly Payment” allows you to determine the total cost of the car if the dealership will only show you the monthly payment terms.

The results will show the details, a graphical representation of the loan, and a list (amortization table) of your payments and balance by month and also by year

Summary : by modifying any of the inputs, such as down payment, you can see the savings instantly.

If you would like to see your potential savings by adding additional money to your monthly payments then try the Auto Loan Early Payoff Calculator.


Payment Breakdown

Loan Breakdown

Monthly Amortization Schedule

Yearly Amortization Schedule

How we calculate interest

This calculator uses a monthly interest rate equal to your APR divided by 12 (a 24% APR becomes 2% per month). That is exactly how U.S. credit card companies and most lenders charge interest each month, so the totals here reflect what you would really pay.

If another calculator shows you a different number, it is almost always because it converts the rate a different way. Some use an “effective annual” formula — (1 + APR)1/12 − 1 — which gives a slightly lower monthly rate and makes debt look cheaper and quicker to pay off than it actually is. Others compound daily (APR ÷ 365), which runs a few dollars higher. We deliberately use the plain APR ÷ 12 method because it matches your statement. Small differences between tools are normal and come down to this single choice.